On Monday, Apple invested another $210 million to help Foxconn, the company's largest manufacturing partner in Asia, build out a new production line for unspecified components. The plant will hire roughly 35,800 new employees to help assemble components for the company's line of desktop and laptop computers, smartphones, tablets, or possibly new computing devices.
Publisher Houghton Mifflin Harcourt filed for Chapter 11 bankruptcy protection Monday to restructure $3.1 billion in debt and reduce annual interest costs by around $250 million.
Former CEO of Yahoo (Nasdaq: YHOO), the No. 3 search engine Scott Thompson resigned as a director of Spunk (Nasdaq: SPLK), a week after quitting his job at Yahoo.
Billionaire Carl Icahn raised his share in CVR Energy Inc. (NYSE: CVI) to 80 percent and is completing the replacement of the nine-member board of directors after winning the support of shareholders in the Texas-based refiner and marketer of transportation fuels.
Dharun Ravi, a former Rutgers student, has been sentenced to 30 days in jail after being convicted of criminal charges including invasion of privacy and tampering with evidence.The sentencing comes two months after Ravi was convicted of crimes that provoked the suicide of his Rutgers University roommate Tyler Clementi.
Chrysler Group LLC is recalling 67,872 model year 2010 Jeep Wrangler cars equipped with automatic transmissions because of fire hazards associated with the transmission skid plate, the National Highway Traffic Safety Administration reported Monday.
JPMorgan Chase & Co Chief Executive Officer Jamie Dimon said on Monday that the bank had suspended repurchases of its stock, but is maintaining its dividend, while working down losing trades in credit derivatives.
Campbell Soup Co. (NYSE: CPB) reported net income fell 5 percent to $177 million, or 55 cents a share, as revenue rose to $1.82 billion in its third quarter ended April 29. A decline in U.S. and international sales of its simple meals, a drop in global sales of its beverage products, a rise in the cost of ingredients and an increase in marketing spending were attributed to the 2-cent decline in EPS from the same quarter last year.
A Chinese conglomerate will buy a major U.S. cinema chain, AMC, for $2.6 billion, in China's biggest takeover of an American company to date.
Home improvement retailer Lowe's Companies Inc. (NYSE: LOW) reported a 14.4 percent increase in profit in the first quarter but downgraded its estimated earnings for the year on concerns over momentum in the U.S. housing market on Monday.
Shares of Facebook (Nasdaq: FB), the No. 1 social network, plunged more than 13 percent when markets opened Monday, lowering the company?s value by about $8 billion.
The Worldwide IT outsourcing (ITO) market grew 7.8 percent from 2010, with the revenue totaled at $246.6 billion in 2011. It was the Indian-based IT services providers and providers rooted in cloud-based services that delivered the highest growth rates in 2011.
China's Alibaba Group and Yahoo confirmed Sunday night they have reached an agreement that will allow the two online media giants to eventually go their own ways. Alibaba initially will pay an estimated $7.1 billion in cash and preferred stock to Yahoo.
Nasdaq is humbly embarrassed by the technical issues that plagued trading in shares of Facebook Inc. (Nasdaq: FB) on Friday, Robert Greifeld, CEO of Nasdaq OMX Group Inc. (Nasdaq: NDAQ), told reporters on a conference call on Sunday.
A day after Facebook went public, its co-founder and CEO Mark Zuckerberg Saturday updated his relationship status to married. Zuckerberg had an eventful timeline this week with the addition of two events - Facebook IPO Friday and his wedding with his longtime girl friend Saturday.
Low-power processor maker ARM Holdings PLC (Nasdaq: ARMH) is stepping up the rhetoric against chip rival Intel Corp. (Nasdaq: INTC), saying it expects to take more of Intel's share in the notebook personal-computer market than Intel can take from it in the smartphone market.
Apple Inc.'s refresh of its top-selling iPhone is likely to include a larger screen, reflecting the final wishes of Steve Jobs and putting it in a class of devices previously defined by rivals.
Private rocket company SpaceX was forced to abort the launch of its Dragon space capsule on Saturday because of an engine glitch in its Falcon 9 rocket.
The General Motors Co. (NYSE: GM), the largest U.S. automaker, said Friday it will not advertise during the broadcast of the 2013 Super Bowl as it shifts its advertising strategy, according to the Wall Street Journal.
Kurt Mix, a former engineer for BP PLC who is accused of deleting hundreds of telling text messages about the amount of oil flowing into the Gulf of Mexico because of the company's Deepwater Horizon disaster in 2010, has asked a federal judge to allow him to travel freely while on bail.
U.S. steelmaker Nucor Corp. (NYSE: NUE) said Friday it will buy Skyline Steel LLC and its subsidiaries from Luxembourg's mining and steel company ArcelorMittal (NYSE: MT) for $605 million.
Before the curtain falls on this earnings season, investors will hear next week from several more major players, including Dell, Hewlett-Packard, Lowe's, Pandora, and Tiffany.
India's richest man and his wife have opened the doors into what is believed to be, the most expensive house in the world, unveiling exquisite dining areas, vast library's and even a snow room.
It?s not just Mark Zuckerberg whose shares of Facebook (Nasdaq: FB), the No. 1 social network, became more valuable on Friday. U2's Bono is also smiling.
It took Facebook a little over eight years to go from fledgling Internet startup to a $114 billion company. Here's a timeline of the social network and how it got to where it is right now:
Shares of Yahoo Inc. (Nasdaq: YHOO), the No. 3 search engine, jumped as much as 6 percent in early trading Friday on a rumor it had finally made a deal to sell at least part of its 40-percent stake in China's Alibaba Group (Pink: ALBCF).
Investors in Facebook Inc. (Nasdaq: FB), the No. 1 social network, got their first chance on Friday to gauge reaction to its $38-a-share public offering price that initially had valued the company at $104 billion.
The moment is finally here: Facebook, the world's most dominant social network with 900 million-plus users, is finally ready to make its Wall Street debut. Zuckerberg will ring the opening bell at 9:30 a.m. ET, but since he will be broadcasting from Facebook remotely, NASDAQ has provided a way to watch all the proceedings occur live.
It's Friday, May 18 and the world's largest social network, Facebook Inc., enters the market raising a whooping $16 billion in one of the biggest initial public offerings in the US history. What makes it even more eye-popping is the amount the company is now valued at - $104.2 billion.
Facebook may only have itself to blame for why General Motors rained on its IPO parade this week.
